Have a question for all you financial gurus...this is an area where I get lost...EXCEPT...my big concern is WHERE the money goes and how it is used.

I read today that President elect Obama wants a great deal of the new money to be used to bail out folks facing forclosures. Has anyone heard or what is opinions on WHO these folks are and how they are chosen ????

I know I sound very unsympathetic but I dont just want some line of folks waiting for a handout to save their home with no conditions whatsoever. If you feel that sounds harsh, I am sorry, but we have been regaled with stories of NO INCOME, NO ASSET mortgages....and the such. I frankly dont want those folks "saved" ! I type that and it looks harsh but that is how I feel !